Clinical Trial of SB-509 in Subjects With Diabetic Neuropathy

Inclusion Criteria: Key Inclusion Criteria: * Have a clinical diagnosis of diabetes mellitus type I or II for at least 12 months prior to the study. * Have received a diagnosis of moderate to severe sensorimotor diabetic neuropathy from a neurologist (a doctor who specializes in disorders of the nervous system) or endocrinologist (a doctor who specializes in diabetes). This type of neuropathy is a loss of sensation and muscle function that occurs in the legs and hands in a stocking and glove distribution. Subjects with diabetic neuropathy that results in loss of sensation or muscle function in only one nerve and results in loss of nerve function of the blood vessels and causes low blood pressure, will not be eligible. * Unmeasurable nerve conduction velocity in any lower extremity nerve: peroneal, tibial or sural due to diabetic polyneuropathy * If female and of childbearing potential, agree to use a medically acceptable physical barrier method during the study. * Have blood pressure \< 140/90 mm Hg * Body mass index (BMI) \< 38 kg/m2 Key Exclusion Criteria: Subjects with the following are NOT eligible to participate in this study: * Have moderate to severe ischemic heart disease, any history of congestive heart failure, or have had a myocardial infarction (heart attack) within the previous 6 months. * Have chronic foot or leg ulcers for \>1 month, gangrene in the legs, or any previous amputation of the lower extremity. * Have a history of cancer within the past 5 years (except for curable non-melanoma cancer of the skin, superficial bladder cancer in complete remission, or any other cancer that has been in complete remission for at least 5 years). * Have colon polyps. If patients have a history of benign colonic polyps that have been removed, they must have evidence of a normal colonoscopy within the last 12 months. * Require any drug that depresses patients' immune systems (such as methotrexate, cyclophosphamide, or cyclosporine) when they receive the study drug and for 30 days afterwards. * Have a known disorder that affects patients' immune systems (such as HIV/AIDS, hepatitis B virus \[HBV\], hepatitis C virus \[HCV\], sarcoidosis, tuberculosis, rheumatoid arthritis, or autoimmune disorders).